Hazari Committee: (Submitted Report in 1967) The Monopolies Inquiry Commission also reviewed the various aspects pertaining Industrial Licensing and observed that industrial licensing system enabled big business houses to

Monopolies Inquiries Commission: (Submitted Report 1965) The Mahalanobis committee recommendation was accepted by the government and under the Commissions of Inquiry Act 1952, a Monopolies Inquiry Commission was established

At the time of India’s independence, Industries were grouped into three categories as follows: Government Monopoly: This category included armaments, railways, transport and some other industries. Basic and Strategic